Time is money, especially if it costs $933,000
Fancy a new wrist watch? Well how does a cool $933,000 sound?
That is precisely what a watch sold for at a recent Hong Kong auction.
It was from one of the oldest family-run Swiss watchmakers, Patek Philippe. Despite the price tag, however, the company is having to deal with the pain of slowing sales in China and currency fluctuations.
Sharanjit Leyl spoke to the company's honorary president Philippe Stern about the challenges.